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PSE Index Drops On Profit-Taking; Property Sector Bucks Trend
The Philippine Stock Exchange index (PSE) fell by 43.33 points, or 0.68%, to close at 6,364.94 on profit-taking after an early rally that pushed the benchmark to an intraday high of 6,448.02.

By The Financial District
Jul 12 min read


U.S. Economy Shrinks 0.5% In First Quarter Of 2025
The U.S. economy shrank by 0.5% in the first quarter of 2025, as two earlier estimates were revised downward by the Commerce Department’s Bureau of Economic Analysis.

By The Financial District
Jun 301 min read


China Confirms Trade Deal Framework With U.S. Must Abide By Chinese Law
China has confirmed the details of a trade deal framework with the U.S., stating that Washington would lift “restrictive measures” while Beijing would “review and approve” items under export controls.

By The Financial District
Jun 301 min read


Trump Claims There’s A Buyer For TikTok But Won’t Reveal Name Yet
President Donald Trump said he has identified a buyer for the U.S. operations of TikTok, the social media platform owned by Chinese company ByteDance Ltd.

By The Financial District
Jun 301 min read


Holtec Could Go Public To Fund Its Small Modular Nuclear Reactors
Holtec International is planning what could be the largest nuclear energy offering in years.

By The Financial District
Jun 302 min read


Australia Sues China-Linked Rare Earths Investors
Australia is suing a Chinese-linked company and a former associate over alleged breaches of foreign investment laws tied to rare earths miner Northern Minerals.

By The Financial District
Jun 301 min read


Two Botched Assassination Plots Against Zelensky Revealed
Details of two separate assassination plots against Ukrainian President Volodymyr Zelensky last year were revealed Monday by the head of Ukraine’s security service.

By The Financial District
Jun 302 min read


U.S., China Cut Deal Only On Rare Earth Shipments: CNN
China has signaled that it would approve the export of rare earth minerals to the U.S., just hours after White House officials said the two sides had reached a deal.

By The Financial District
Jun 301 min read


Famed TV Journalist Bill Moyers Dies At 91
Bill Moyers, the former White House press secretary who became one of television’s most honored journalists—masterfully using the visual medium to illuminate a world of ideas, has died at the age of 91.

By The Financial District
Jun 302 min read


GE Moves Washing Machine Production From China To Kentucky
GE Appliances has announced a nearly half-billion-dollar project that will create 800 new jobs and shift production of clothes washers from China to its sprawling manufacturing complex in Kentucky.

By The Financial District
Jun 301 min read


China Auto Industry Inflates Sales By Exporting New Cars As "Used"
China’s auto industry has artificially inflated sales for years through a government-backed gray market that registers brand-new cars as “used” before shipping them overseas.

By The Financial District
Jun 301 min read


Amazon Loses AWS Generative AI Boss
Amazon Web Services (AWS) has lost its vice president overseeing generative artificial intelligence (AI) development.

By The Financial District
Jun 301 min read


India Allocates Record Rice Stocks For Ethanol Production
India is diverting record volumes of rice to ethanol production as it deals with unprecedented stockpiles, which are expected to grow further with the incoming harvest, reversing the recent trend of export restrictions driven by shortages.

By The Financial District
Jun 301 min read


Trump: "It’s Possible" Putin Will Invade Another Country
U.S. President Donald Trump warned Wednesday that Russian President Vladimir Putin may invade another country, following Russia’s full-scale invasion of Ukraine in 2022.

By The Financial District
Jun 301 min read


Musk Confidant Afshar Leaves Tesla In Latest High-Level Exit
Omead Afshar, a powerful executive at Tesla Inc. and one of Elon Musk’s closest confidants, has left the company.

By The Financial District
Jun 301 min read


Greenpeace Joins Anti-Bezos Protest In Venice With Banner Targeting Tax Breaks
Greenpeace recently joined a wave of protests in Venice against the wedding of Amazon founder Jeff Bezos and Lauren Sanchez.

By The Financial District
Jun 301 min read


Toyota Moves 3-Row EV Production To Kentucky
In a major strategic shift, Toyota will consolidate U.S. production of its electric vehicles (EVs) at its Georgetown, Kentucky plant and boost output of its combustion-powered Grand Highlander crossover in Indiana.

By The Financial District
Jun 301 min read


China, India Shift To Higher-Grade Coal, Cut Indonesian Imports
Top thermal coal importers China and India are slashing imports of Indonesian coal in favor of more energy-dense grades from other countries, as a global price drop has made higher-quality coal more competitive.

By The Financial District
Jun 301 min read


Tesla Stock Valuation Looks "Insane," Strategist Warns
Tesla’s hyped robotaxi debut this past weekend is drawing attention to one of the biggest concerns among bullish investors.

By The Financial District
Jun 301 min read


"Konektadong Pinoy" Act Sets Dangerous Precedent
The Konektadong Pinoy Act, authored by Senator Imee Marcos, sends the wrong signal—not just to incumbent telcos, but to the global investment community watching the Philippines’ regulatory landscape with cautious optimism.

By Lito U. Gagni
Jun 302 min read


Vera Rubin Observatory Releases First Deep-Space Images
Perched high in the foothills of Chile’s Andes mountains, a revolutionary new space telescope has captured its first images of the cosmos—and they’re spectacular.

By The Financial District
Jun 292 min read


Nissan Estimates First-Quarter Loss At $1.38-B
.Nissan Motor shareholders vented their frustrations over the automaker’s poor performance during its annual general meeting.

By The Financial District
Jun 291 min read


Compass Sues Zillow As Real Estate Market Rift Worsens
A widening rift between real estate listings portal Zillow and the brokerage Compass could reshape the way the housing market functions.

By The Financial District
Jun 292 min read


Mamdani Beats Cuomo In Dems’ New York Mayoral Primary
Zohran Mamdani delivered a political earthquake in New York City’s Democratic mayoral primary, riding progressive demands for change in a city grappling with an affordability crisis to the brink of a stunning victory.

By The Financial District
Jun 291 min read
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